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"THE HUMAN SIDE OF TECHNOLOGY" for convenience, productivity, safety, profitability or fun. This is the place to be to keep your finger on the pulse in emerging technologies. When should you zig when everyone else zags? Where should you concentrate your time, money or effort to capitalize on the next technology tsunami? Stay tuned . . . -Published by SAVVY INTRAPRENEUR

ID Verification Using Mobile Devices

Posted by Carl E. Reid Monday, September 26, 2005

I have the contact information for a person interested in investing in this technology. If you are interested in making contact and presenting your business plan for first round funding, post a comment.

Can your team develop a system using cell phones and PDAs to definitively ID the person holding the credit card, as they make a purchase? If so, I can put you in touch with a person who is serious about investing in this fraud prevention security technology.

Why would someone want to invest in this technology? Think about it. Credit card fraud is more rampant than ever. Consumers aren't the only ones getting frapped by fraud. Banks are taking great losses due to credit fraud; to the tune of $2 billion in 2004. Using the equivalent of the SecureID system, software embedded into a cell phone creates another layer of security. When a person makes a purchase using a credit card, the merchant sends an email or text message for the person to reply back with a security code, from their mobile device. This extra step would save consumers and banks hundreds of $millions.

If you are serious, have business plan and the technical resources to develop this technology, then post a comment. I'll contact you with the next steps.

Cheers!!

C.E. Reid
Savvy Intrapreneur
at your service
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1 Responses to ID Verification Using Mobile Devices

  1. Anonymous Says:
  2. Hi, I have only just come across this post. Drop me a line dave.barter@legatio.com I can help, we already have this technology.

     

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